Versor Investments LP Reduces Holdings in Perdoceo Education Corporation $PRDO

Versor Investments LP cut its stake in Perdoceo Education Corporation (NASDAQ:PRDO) by 80.0% in the third quarter, Holdings Channel.com reports. The fund owned 10,146 shares of the company’s stock after selling 40,483 shares during the quarter. Versor Investments LP’s holdings in Perdoceo Education were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Cresset Asset Management LLC acquired a new stake in shares of Perdoceo Education during the second quarter worth about $2,453,000. Summit Global Investments purchased a new position in shares of Perdoceo Education in the 3rd quarter valued at approximately $1,422,000. Acadian Asset Management LLC grew its stake in shares of Perdoceo Education by 110.8% in the 2nd quarter. Acadian Asset Management LLC now owns 923,698 shares of the company’s stock valued at $30,173,000 after purchasing an additional 485,571 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Perdoceo Education by 47.5% in the third quarter. Exchange Traded Concepts LLC now owns 159,764 shares of the company’s stock valued at $6,017,000 after purchasing an additional 51,472 shares during the period. Finally, Copeland Capital Management LLC purchased a new stake in shares of Perdoceo Education during the third quarter worth approximately $35,497,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on PRDO shares. Weiss Ratings reissued a “buy (b)” rating on shares of Perdoceo Education in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 12th. Finally, Barrington Research restated an “outperform” rating and issued a $42.00 price objective on shares of Perdoceo Education in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $42.00.

Perdoceo Education Stock Performance

Shares of PRDO opened at $30.47 on Friday. The company has a quick ratio of 4.45, a current ratio of 4.47 and a debt-to-equity ratio of 0.01. Perdoceo Education Corporation has a 52-week low of $23.87 and a 52-week high of $38.02. The company has a 50-day simple moving average of $30.61 and a 200-day simple moving average of $31.96. The company has a market capitalization of $1.96 billion, a PE ratio of 13.02, a P/E/G ratio of 0.73 and a beta of 0.90.

About Perdoceo Education

Perdoceo Education Corporation (NASDAQ: PRDO) is a for-profit postsecondary education provider offering certificate, associate, bachelor’s and master’s degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.

With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.